How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $92,305 as of May 28, 2020, but the range typically falls between $76,841 and $112,834. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2020 Salary.com)... View full job description
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
LTC PROPERTIES INC
Fiscal Year Ended in 2018
What does a Construction Loan Officer do?
Construction Loan Officer in Brea, CA
Understand all real estate title issues and the appropriate lien structure and documentation of loans.
November 16, 2019
Understand the flow of construction, appropriate funding approval, and potential lien issues and manage negotiations between owners and contractors in active construction projects.
January 31, 2020
Manage a loan portfolio with an ongoing awareness of the management and condition of the collateral, and of the borrower and guarantor financial condition, with the goal of zero past due relationships.
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $76,841 to $112,834 with the average base salary of $92,305. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,232 to $128,351 with the average total cash compensation of $101,408.